Spotware Systems, the software developer that has given the FX community solutions which include cTrader and cAlgo, has just published an introductory video to its latest ingenious innovation, the cMirror social trading platform.
News of the plans by Spotware Systems to launch such a solution first surfaced in the summer of 2013, with the developers promising an excellent trading environment for brokers, signal providers, and followers. It is therefore a positive development within this scope as the beta testing of the platform progresses, having evolved to contain more features than those initially expected and promised.
The design is sleek, access is easy from all devices connected to the Internet, the interface is intuitive, enabling fast and easy navigation across the world of trading signals. All that is anticipated now is the live launch.
Logging into the platform is easy thanks to cTrader ID , rendering it not a separate trading account, instead it stores all of the data from your cTrader accounts. You can swiftly set up such an ID from the platform and then link all of your accounts with various brokers supporting cTrader.
One such account being linked allows traders to mirror strategies on cMirror. The menu of signals is at the center of the screen, it’s hard to miss. By default, the strategies are lined up according to the profit percentage, but you can search according to other criteria too.
One of the biggest perks of cMirror is that it offers full control over the copy settings , whereby traders select the account (in case of multiple cTrader accounts) which will mirror a given strategy. The trader then picks the settings (volume, stops, etc.) and can even copy only a given signal from a strategy not the entire strategy. Additionally, users can also change the mirror settings anytime they please.
The signal providers will be paid via commissions, with size of the fees to be clear from onset – it will be shown in the panel of information for each strategy. Needless to say that there are rafts of data for each signal provider – performance stats, history of trades, balance and profit graphs.
cMirror will join the cTrader suite of solutions, which has gained huge popularity recently – in March this year, MB Trading became the first US broker to introduce cTrader. The list of companies offering the cTrader suite includes companies like FXPro, RoboForex, Invast, and Admiral Markets. The platform has enjoyed demand in Russia too, with more FX brokers starting to offer it to Russian traders – the latest of them being Romanov Capital.
You can watch the cMirror video here.